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China's tax authority said on Friday it is putting forward a more aggressive tax reduction plan, focusing on value-added tax and individual income tax reform, to stabilize private enterprises' investment and fuel consumption.
China's third-party mobile payment market has grown rapidly in recent years, offering consumers a more convenient alternative to bank payment channels. Alipay and Tenpay operated by Tencent Financial dominated with 54.26 percent and 38.15 percent of the market respectively.
China's residential leasing market has been expanding fast. According to a research note from LPlus Research Institute, a real estate information services provider, the total market size is expected to grow from 1.1 trillion yuan in 2016 to 4.6 trillion yuan in 2030.
China's payments of licensing fees and royalties for the use of foreign technology have soared in recent years, reaching almost billion last year, nearly a fourfold increase over the last decade, Lardy wrote on the Peterson Institute website last Friday.
China, the world's largest apple grower and consumer, launched the world's first apple futures contracts on Zhengzhou Commodity Exchange in Henan province in December 2017, to help growers hedge against risks amid price fluctuations.
来源：资阳报